Reference
Warehouse & logistics glossary
The terms you'll see on rate cards, contracts, and shipping documents — defined plainly, no jargon-for-jargon's-sake.
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36 Terms
A dynamic programming lot-sizing model evaluates multiple alternatives that consider period demand, production, holding, and setup costs to produce an optimal lot size that varies for each period as required.
An inventory control technique where all inventory locations within the warehouse are counted at one time, as opposed to doing a cycle count of smaller groups.
A computer network that covers a broad area (i.e., any network whose communication links cross metropolitan, regional, or national boundaries) is called a wide area network (WAN). The Internet is the largest and most well-known example of a WAN.
Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.
The systems used in effectively managing warehouse business processes and directing warehouse activities include receiving, putaway, picking, shipping, and inventory cycle counts. It also includes support for radio-frequency communications, allowing real-time data transfer between the system and warehouse personnel. These systems also maximize space and minimize material handling by automating putaway processes.
The storing (holding) of goods.
An obligation or guarantee that a product or service sold is factually stated or legally implied by the seller. Oftentimes, warranties provide a specific remedy, such as repair or replacement, in the event the product or service fails to meet the warranty.
Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.
Any activity or process that does not add value to the goods or services required by the customer is considered waste. Examples of waste include move time, inventory counting, inspection, production of defective material, rework, etc.
Waste Electrical and Electronic Equipment is a loose category of surplus, obsolete, broken, or discarded electrical or electronic devices. The processing of electronic waste in developing countries causes serious health and pollution problems due to a lack of containment, as do unprotected landfills (due to leaching) and incineration. The Basel Convention and regulations by the European Union and individual United States aim to reduce these problems. Reuse and computer recycling are promoted as alternatives to disposal as trash.
A per-gallon tax is assessed on barge carriers for the use of the waterways.
A variation on zone picking is where, rather than orders moving from one zone to the next for picking, all zones are picked at the same time. The items are later sorted and consolidated into individual orders/shipments.
Document containing a description of goods that are part of a common carrier freight shipment. It shows the origin, destination, consignee/consignor, and the amount charged. Copies travel with the goods and are retained by originating/delivering agents. It is used by the carrier for internal record and control, especially during transit. It is not a transportation contract.
A computer term used to describe the global internet.
These technologies, which rely on user collaboration, include web services, peer-to-peer networking, blogs, podcasts, and online social networks.
A client application that fetches and displays webpages and other World Wide Web resources to the user.
A computer term for information processing services that are delivered by third parties using internet portals: standardized technology communication protocols; network services as collections of communication formats or endpoints capable of exchanging messages.
A location on the internet.
The shipment volume at which the LTL charges equal the TL charges at the minimum weight.
The practice of confirming or validating receipts or shipments based on the weight.
A method of analyzing a group of candidates (employees, suppliers, etc.) using a rating approach that gathers data and assigns weights to each evaluation category.
A raw material that loses weight during processing.
A method to determine the effect different costs or investments have on profit and other financial indicators. Examples of costs or investments that would be evaluated are the financial effects of different pricing models, warehousing options, the number of employees, or raw materials options.
An editing interface in which a file is displayed as it will appear to an end user.
A business and industry that acts as a third-party local representative and distribution point for a manufacturing firm. These firms may perform some light assembly or kitting of goods but generally provide a buffer for finished goods. Distributors typically purchase the goods in quantity from the manufacturer and ship them to customers in smaller quantities. Synonym: Wholesaler.
A computer network that covers a broad area (i.e., any network whose communication links cross metropolitan, regional, or national boundaries) is called a wide area network (WAN). The Internet is the largest and most well-known example of a WAN.
Web-based services, such as those found in Wikipedia, are wikis. Wikis are systems for collaborative publishing that allow many authors to contribute to an online document or discussion.
The practice of taking orders that will be picked up at the selling facility by the buyer is known as 'customer pickup'. It refers to an area where buyers can pick up their orders directly from the selling facility. This practice is widely used in the service parts business.
A vector graphics format for Windows-compatible computers is mostly used for word processing clip art.
Parts and subassemblies are in the process of becoming completed finished goods. Work in process generally includes all of the materials, labor, and overhead charged against a production order that has not been absorbed back into inventory through the receipt of completed products.
A complete line-by-line breakdown of the products, services, and activities that will be required to fulfill a contractual obligation.
Parts and subassemblies are in the process of becoming completed finished goods. Work in process generally includes all of the materials, labor, and overhead charged against a production order that has not been absorbed back into inventory through the receipt of completed products.
The defined steps and activities that must be performed in order for the work to be accomplished.
An organization established on January 1, 1995, replacing the previous General Agreement on Tariffs and Trade (GATT), that forms the cornerstone of the world trading system.
A 'multimedia hyperlinked database that spans the globe' and allows you to browse through lots of interesting information. Unlike earlier internet services, the 'Web' combines text, pictures, sounds, and even animations, and it allows you to move around with a click of your computer mouse.
An editing interface in which a file is displayed as it will appear to an end user.
Reference
Warehouse & logistics glossary
The terms you'll see on rate cards, contracts, and shipping documents — defined plainly, no jargon-for-jargon's-sake.
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36 Terms
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36 terms
Wagner-Whitin Algorithm
A dynamic programming lot-sizing model evaluates multiple alternatives that consider period demand, production, holding, and setup costs to produce an optimal lot size that varies for each period as required.
Wall-to-Wall Inventory
An inventory control technique where all inventory locations within the warehouse are counted at one time, as opposed to doing a cycle count of smaller groups.
WAN
A computer network that covers a broad area (i.e., any network whose communication links cross metropolitan, regional, or national boundaries) is called a wide area network (WAN). The Internet is the largest and most well-known example of a WAN.
Warehouse
Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.
Warehouse Management System (WMS)
The systems used in effectively managing warehouse business processes and directing warehouse activities include receiving, putaway, picking, shipping, and inventory cycle counts. It also includes support for radio-frequency communications, allowing real-time data transfer between the system and warehouse personnel. These systems also maximize space and minimize material handling by automating putaway processes.
Warehousing
The storing (holding) of goods.
Warranty
An obligation or guarantee that a product or service sold is factually stated or legally implied by the seller. Oftentimes, warranties provide a specific remedy, such as repair or replacement, in the event the product or service fails to meet the warranty.
Warranty Costs
Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.
Waste
Any activity or process that does not add value to the goods or services required by the customer is considered waste. Examples of waste include move time, inventory counting, inspection, production of defective material, rework, etc.
Waste Electrical and Electronic Equipment (WEEE)
Waste Electrical and Electronic Equipment is a loose category of surplus, obsolete, broken, or discarded electrical or electronic devices. The processing of electronic waste in developing countries causes serious health and pollution problems due to a lack of containment, as do unprotected landfills (due to leaching) and incineration. The Basel Convention and regulations by the European Union and individual United States aim to reduce these problems. Reuse and computer recycling are promoted as alternatives to disposal as trash.
Waterway Use Tax
A per-gallon tax is assessed on barge carriers for the use of the waterways.
Wave Picking
A variation on zone picking is where, rather than orders moving from one zone to the next for picking, all zones are picked at the same time. The items are later sorted and consolidated into individual orders/shipments.
Waybill
Document containing a description of goods that are part of a common carrier freight shipment. It shows the origin, destination, consignee/consignor, and the amount charged. Copies travel with the goods and are retained by originating/delivering agents. It is used by the carrier for internal record and control, especially during transit. It is not a transportation contract.
Web
A computer term used to describe the global internet.
Web 2.0
These technologies, which rely on user collaboration, include web services, peer-to-peer networking, blogs, podcasts, and online social networks.
Web Browser
A client application that fetches and displays webpages and other World Wide Web resources to the user.
Web Services
A computer term for information processing services that are delivered by third parties using internet portals: standardized technology communication protocols; network services as collections of communication formats or endpoints capable of exchanging messages.
Web Site
A location on the internet.
WeightBreak
The shipment volume at which the LTL charges equal the TL charges at the minimum weight.
Weight Confirmation
The practice of confirming or validating receipts or shipments based on the weight.
Weighted-Point Plan
A method of analyzing a group of candidates (employees, suppliers, etc.) using a rating approach that gathers data and assigns weights to each evaluation category.
Weight-Losing Raw Material
A raw material that loses weight during processing.
What If Scenarios
A method to determine the effect different costs or investments have on profit and other financial indicators. Examples of costs or investments that would be evaluated are the financial effects of different pricing models, warehousing options, the number of employees, or raw materials options.
What You See Is What You Get (WYSIWYG)
An editing interface in which a file is displayed as it will appear to an end user.
Wholesaler
A business and industry that acts as a third-party local representative and distribution point for a manufacturing firm. These firms may perform some light assembly or kitting of goods but generally provide a buffer for finished goods. Distributors typically purchase the goods in quantity from the manufacturer and ship them to customers in smaller quantities. Synonym: Wholesaler.
Wide Area Network (WAN)
A computer network that covers a broad area (i.e., any network whose communication links cross metropolitan, regional, or national boundaries) is called a wide area network (WAN). The Internet is the largest and most well-known example of a WAN.
Wikis
Web-based services, such as those found in Wikipedia, are wikis. Wikis are systems for collaborative publishing that allow many authors to contribute to an online document or discussion.
Will Call
The practice of taking orders that will be picked up at the selling facility by the buyer is known as 'customer pickup'. It refers to an area where buyers can pick up their orders directly from the selling facility. This practice is widely used in the service parts business.
Windows Meta File (WMF)
A vector graphics format for Windows-compatible computers is mostly used for word processing clip art.
WIP
Parts and subassemblies are in the process of becoming completed finished goods. Work in process generally includes all of the materials, labor, and overhead charged against a production order that has not been absorbed back into inventory through the receipt of completed products.
Work Breakdown Structure (WBS)
A complete line-by-line breakdown of the products, services, and activities that will be required to fulfill a contractual obligation.
Work-in-Process (WIP)
Parts and subassemblies are in the process of becoming completed finished goods. Work in process generally includes all of the materials, labor, and overhead charged against a production order that has not been absorbed back into inventory through the receipt of completed products.
Work Sequence
The defined steps and activities that must be performed in order for the work to be accomplished.
World Trade Organization (WTO)
An organization established on January 1, 1995, replacing the previous General Agreement on Tariffs and Trade (GATT), that forms the cornerstone of the world trading system.
World Wide Web (WWW)
A 'multimedia hyperlinked database that spans the globe' and allows you to browse through lots of interesting information. Unlike earlier internet services, the 'Web' combines text, pictures, sounds, and even animations, and it allows you to move around with a click of your computer mouse.
WYSIWYG
An editing interface in which a file is displayed as it will appear to an end user.